Post
Topic
Board Securities
Re: [PicoStocks] 100TH/s bitcoin mine [100th]
by
buzzdave
on 12/08/2015, 22:28:28 UTC
Hi folks - a long overdue update here.

When we switched away from our own pool, we went to Eligius: http://eligius.st/~wizkid057/newstats/userstats.php/15QVHxorX61umBkRDejxcjDqq8V8yYv5uZ

We have mined a total of 113.506 since the change over.

You will notice that we are currently underserving the hashpower target of 518TH.  Its currently operating at 67% due mainly to heat, but also some equipment shuffling that we've been doing.

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Management Fee increase: Difficulty and price continue to make economics ever more difficult.  In addition to our summer heat problems, network growth is impacting us again.  In order to pay for the power & justify the floorspace I need to raise the management fee to a 50% share.
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However, since we have been underserving the project by 30%, I will send 80% of the mined proceeds to the picostocks payment address, rather than taking the full 50% management fee off the top.

I expect to get the hashpower back on target this week.

Best
Dave